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"have yet to develop" is correct and usable in written English.
You can use it to express that something has not happened by a certain point in time. Example sentence: Despite the potential of the technology, researchers have yet to develop a practical application for it.
Exact(59)
Other characters have yet to develop.
New forms of urbanism have yet to develop.
And while their lungs are still developing, they have yet to develop strong immune systems.
Most OS Fund investments are early-stage firms that have yet to develop commercial products.
But there are still many people infected before the test was used that have yet to develop symptoms.
(Congress has approved electronic signatures, but state insurance regulators have yet to develop rules for their use).
China's super-rich have yet to develop much of an interest, despite the recent sale of Sunseeker International to the country's Dalian Wanda group.
Unfortunately, Brussels and Washington have yet to develop an alternative security structure to maintain stability in the Balkans in the post-Kosovo independence era.
But as Collier points out, these governments typically do not really have national sovereignty, since they have yet to develop a national identity or national institutions.
They also have yet to develop the proper gut bacteria that allow them to process solid food safely, potentially leading to gastroenteritis and diarrhea, Dr. Gold said.
Certainly it is the case that practitioners and academics have yet to develop a perfect quantitative model that captures the true risk/return profile of most investments.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com